Moser Baer is planning to invest
Rs.79 crore ($17 million) in its wholly owned subsidiary Moser Baer Photo
Voltaic (MBPV) for setting up a PV cell and module manufacturing project of 80
MW at the Greater Noida SEZ in Uttar Pradesh.
The company has received approval from
its board to invest the additional amount in its subsidiary for the project.
The investment in the project will be made in a phased manner.
The investment will enable MBPV to
take position in technologies, such as nano and CPV (concentrator photo voltaic)